Yep it’s that time again that can test our strength if not prepared. Time for the triple whammy of taxes! As I am writing this the deadline for filing taxes is fast approaching (tomorrow actually). Thanks to a slow down in the studio business, if one can be thankful for that, my income tax bill was not that bad this year and the money was set aside. Still painful to write the check (or press the send button) I think everyone needs to pay this way then maybe we would actually have lower taxes.
Here April is also the time for the second installment for property taxes. Luckily even through the slow down we were having money automatically set aside each month so had that covered as well.
To complete the trifecta of taxes are the state sales tax. Being self-employed and selling physical products I of course need to collect and then forward on to the state sales tax each quarter. This is a little harder as I have not been doing to well setting it aside but getting better at it.
Oh wait this year there is a bonus. I received a warm letter saying last year’s return has been re-evaluated and we owe additional taxes.
Well one thing I have been learning through my recent journey is patience. Patience and putting aside worries of the future and dealing with one thing at a time. This is defiantly one of those times and I must say I’m dealing with it a lot better this time than I would have a year ago.
So what tests to your patience have you had lately?